Campo Morado Mine

Guerrero State, Mexico

Campo Morado is an underground multi-metal mine with infrastructure, installations and equipment capable of processing 2,500 tonnes of ore per day. The Campo Morado Mine was commissioned and commenced operations in 2009 by Farallon Resources. Nyrstar purchased Farallon Resources in a friendly takeover in 2010 for the equivalent of approximately C$420 million thereby gaining control of Campo Morado. Nyrstar produced up to the end of 2014 when mining operations were suspended in January 2015 and the mine was placed on care and maintenance due to deteriorating industry conditions. Telson acquired the Campo Morado Mine from Nyrstar on June 14, 2017 and restarted operations at the Mine on October 23, 2017. On August 14, 2019 the Company made the decision to put the mine into care and maintenance (See news release). With improving conditions Telson brought the mine out of care and maintenance and reinitiated mining and milling operations during January 2020.

Tahuehueto Project

Durango, Mexico

This 7,492-hectare property covers at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km. Exploration programs have defined significant gold-silver and base metal reserves and resources along the explored structural zone. Mineralization of gold, silver, copper, lead, and zinc has been outlined within reserves and resources along the length of the explored structural zone which have allowed Telson to determine excellent economics of a potential mining operation at Tahuehueto. Currently the Tahuehueto project is in the mill development phase with the goal of producing concentrate onsite in 2020.

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